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Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public.<\/p>\n
For the first two weeks of February, China saw the launch of as much as 20 blockchain-based applications designed to help fight the coronavirus outbreak, domestic news outlet People\u2019s Daily Online\u00a0reported<\/a>\u00a0on Feb. 17. Most of the apps are used to manage citizens\u2019 personal data as many people are returning to work this month.<\/p>\n Local authorities noted that blockchain lets them effectively track and secure collected information. Thus, Xi’an, the capital of Shaanxi Province, applies the tech for online consultation and screening, as well as securely manage health records. In Hangzhou, tech company Vastchain Technology rolled out a WeChat-based program dubbed Access Pass. The program generates a QR code that residents can use to enter gated communities.<\/p>\n In collaboration with the Zhejiang Provincial Health Commission and the Economy and Information Technology Department, mobile and online payment platform Alipay introduced a platform that enables charity organizations and initiatives to collaborate more efficiently and transparently.<\/p>\n Specifically, the app allows users to track allocation and donation of relief supplies, as well as the review, recording and tracing of demand and supply chains of medical supplies.<\/p>\n The coronavirus has indeed compromised the normal course of things in Asia, forcing a number of cryptocurrency-related conferences to\u00a0postpone<\/a>. Hong Kong-based blockchain remittance startup Bitspark also abruptly\u00a0announced<\/a>\u00a0its closure. The closure came along with the coronavirus outbreak in China and anti-government protests in Hong Kong, where Bitspark\u2019s headquarters is located.<\/p>\n Crypto mining firms such as Bitmail, MicroBT and Canaan also\u00a0published<\/a>\u00a0notices on their websites of delays in their after-sale services due to the outbreak of the virus.<\/p>\n As Cointelegraph\u00a0reported<\/a>\u00a0earlier in February, insurance firms in China use blockchain to manage coronavirus-related claims amid the outbreak. Thus, online mutual aid platform Xiang Hu Bao added the coronavirus to the list of illnesses eligible for a maximum one-time payout of around $14,300 (100,000 yuan).<\/p>\n Blue Cross Insurance, owned by the Bank of East Asia is reportedly helping to decrease the bureaucratic impact of the coronavirus outbreak with a medical claims app.<\/p>\n In the meantime, it has been\u00a0reported<\/a>\u00a0that China started a quarantine of its used bank notes to try to stop the spread of the coronavirus.<\/p>\n Source:\u00a0https:\/\/cointelegraph.com\/news\/china-blockchain-deployment-rises-amid-coronavirus-outbreak<\/a>\nBlockchain is on guard for medical data security<\/h2>\n
Coronavirus\u2019s impact on businesses<\/h2>\n